ASSET
Fairmont Phoenix Hotel and Residences
Want to know more about this fund?
CRE Development Capital is a real estate investment firm focused on mixed-use and multi-family, industrial, and storage development opportunities in the United States, including opportunity zones.
Fairmont Phoenix Hotel and Residences
For Opportunity Zone and non-Opportunity Zone investors
ASSET OVERVIEW
STATUS
Entitled
ASSET CLASS
Luxury hotel
Luxury branded condominiums
LOCATION
Warehouse District
Downtown Phoenix, AZ
OPPORTUNITY ZONE
Tax advantages for Investors with qualified capital gains
UNITS
230 Fairmont luxury guest rooms
141 Luxury branded condominiums
STRATEGY
New construction
ABOUT THIS ASSET
The Warehouse District in Downtown Phoenix is a compelling luxury hotel location given its close proximity to the Central Business District, Convention Center, and entertainment destinations. The surrounding area has seen significant development over the past few years and is poised to continue to attract additional commercial development moving forward.
In fact, it’s currently attracting a curated collection of office spaces, restaurants, galleries, and one-of-a-kind venues for music and other events. It’s urban realness draws creative ventures and tech start-ups alike. Determined entrepreneurs are reinvigorating once-shuttered warehouses with adaptive new uses.
